§ 54-58. Transfer of mortgaged lands. - North Carolina Statutes

§54‑58.  Transfer of mortgaged lands.

The acquirer of any landsmortgaged to a land mortgage association shall enter at once, on theacquisition of the land, into a written agreement with the association,attested by a notary, or a justice, and assume the personal responsibility forthe indebtedness to the association attaching to such lands. This document mustbe presented to the trustees within 14 days after demand. (1925,c. 223, s. 10.)